The umbilical cord blood banking market was valued at USD 2,875.2 Milion
in 2016, and is expected to reach USD 7,623.3 Million by 2025, expanding
at a CAGR of 11.3% from 2017 to 2025.

The umbilical cord blood banking market is growing due to key factors
such as rising public awareness related with the benefits associated
with umbilical cord harvesting and storage, increasing number of
umbilical banks across the globe, and supportive government policies.

In case of private and public cord blood banks, private cord blood banks
always dominated the market for being first choice of donors due to
complete ownership rights secured by the donor, widespread collection
sites, and high assurance related with the security and storage
facilities o these private cord blood banks. Rising prevalence of
cancer coupled with increasing adoption of stem cell-based treatments in
developed countries have fueled the demand for umbilical cord blood
banking market.